Sysco Q3 FY2024: Adj EPS $0.96 (+6.7%); raises cost-out target to $120M

SYSCO CORP

2024-Q3 EPS reported $2.66 revenue$58,287,896,000

Sales +2.7%; U.S. Foodservice volume +2.9%; local volumes +0.4%.
GAAP EPS $0.85 vs $0.84; adjusted EPS $0.96 (+6.7%).
Gross profit $3.6B (+5.2%); operating income $722M (+3.8%); adj operating income $799M (+8.4%).
Raised FY2024 cost-out target from $100M to $120M.
Returned $753M to shareholders ($500M buybacks, $253M dividends); on track for $2.25B for FY24.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SYSCO CORP updated its third quarter of fiscal year 2024 guidance (raised).

Period: third quarter of fiscal year 2024
Guidance: raised
Result: reported results

Exact text from the filing

Sysco Corporation (“Sysco”) issued a press release announcing its results of operations and financial condition for its third quarter of fiscal year 2024, which ended on March 30, 2024.

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Source: SEC EDGAR

accession 0000096021-24-000040

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